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4 hours ago

Yahoo is going to spin off its Alibaba stake.

  When the American internet company announced its earnings—which met expectations—it also announced that it’s going to spin off its $40 billion stake in Chinese e-commerce giant Alibaba into a “newly formed independent registered investment company” called, of all things, SpinCo. This move, unlike selling the shares, will be tax-free.
7 hours ago

Lada’s lightening its balance sheet with layoffs.

  Avtovaz—the car company that makes the Lada—fired 12,000 people last year. Due to Russia’s economic slump, it’s reportedly going to lose (paywall) another 1,100 positions. Renault and Nissan took control of Avtovaz last summer after buying a 50.1% stake for $740 million (paywall).
January 27, 2015

Twitter and Snapchat announce big new features.

  Four years after bringing photos to its service, Twitter will now let you post videos up to 30 seconds long directly from a smartphone. (It claims this doesn’t threaten Vine, the six-second video service it acquired two years ago.) As for Snapchat, the chat app now delivers content from trusted “editors and artists” to users every 24 hours.
8 hours ago
Chart of the Moment

Slowing global growth left Caterpillar crawling.

January 27, 2015

Hundreds gather to remember the liberation of Auschwitz.

  At the infamous Nazi concentration camp in southern Poland, an estimated 300 survivors commemorated the 70th anniversary of its liberation. German chancellor Angela Merkel was there, as was French president François Hollande. Russia’s Vladimir Putin, however, was conspicuously absent, though it was Soviet troops who first entered Auschwitz.
January 27, 2015

Thailand is mulling a drone ban.

  Local media are reporting that the country’s transport ministry wants all drone flights to be licensed. Violators could face a year in jail or a 40,000 baht ($1,229) fine. Camera-equipped drones would be banned outright, unless there’s a business reason. Countries with drone bans include in Spain, India, Kenya, and South Africa.

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